NEAR cryptocurrency trades up $0.012, approximately 0.72% higher this afternoon

Tentatively higher from an earlier low of $1.65, NEAR is up to $1.67 today, adding $0.012, or 0.72%, to today's closing price of $1.66.

Chart analysis suggests NEAR Protocol price action is currently oscillating around the $1.69 resistance level with prices moving above and below several times during the session. Trend and momentum analysis indicates that although up today, early price action saw NEAR dropping below its 10 day Simple Moving Average at $1.66 — an early indicator that a new downward trend could be emerging. Analysis based on the asset volatility indicates that NEAR Protocol's lower Bollinger Band® is at $1.53, indicating that the market is oversold and fertile for new buyers.

Notwithstanding NEAR's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

NEAR shows positive signs, other assets are also on par: FTX Token is up 9.54%. Litecoin ascends 1.59% to trade around $91.88.

At the same time, UNICORN Token USD closed at $6.43 (down 2.98%).

Having soared to a high of $6.26 approximately 11 months ago, NEAR Protocol is now trading 73.52% lower. NEAR Protocol is currently trading with a market cap of 1.51 billion with an average daily volume of 50.57 million.